Keppel Ltd delivered a strong financial performance in the first half of 2025, marked by significant growth in net profit, successful asset monetisation, and increased funds under management. However, challenges persist with losses in the non-core portfolio and a decline in the Connectivity segment due to competitive market conditions.

Company Guidance

In the first half of 2025, Keppel Ltd reported a strong performance with a 24% year-on-year increase in net profit to $378 million, driven by a 25% rise in the New Keppel's net profit to $431 million. The company's asset-light strategy contributed to an annualized ROE of 15.4%, up from 13.2% in the previous year. Funds under management reached $91 billion, with asset monetization totaling $7.8 billion since October 2020. Recurring income grew by 7% year-on-year to $444 million. The non-core portfolio, valued at $14.4 billion, incurred a net loss of $53 million, while the infrastructure segment saw an 8% increase in net profit to $333 million. Keppel announced a $500 million Share Buyback Programme and an interim cash dividend of $0.15 per share. The company aims to substantially monetize its non-core assets by 2030, supporting growth, debt reduction, and shareholder returns.

Strong Financial Performance

Keppel's net profit for the first half of 2025 increased by 24% year-on-year to $378 million. The New Keppel's net profit surged by about 25% year-on-year to $431 million.

Successful Asset Monetisation

Keppel has announced approximately $915 million in divestments year-to-date, contributing to a total of $7.8 billion in asset monetisation since October 2020.

Growth in Funds Under Management

Keppel's funds under management (FUM) reached $91 billion by the end of June 2025, with $1.9 billion raised in equity and $6.5 billion worth of acquisitions and divestments completed.

Infrastructure Segment Growth

Net profit from the Infrastructure division rose 8% year-on-year to $333 million, while its EBITDA grew 7% to $405 million.

Dividend and Share Buyback Programme

The Board of Directors approved an interim cash dividend of $0.15 per share, and announced a $500 million Share Buyback Programme.

Keppel Corporation Limited (SG:BN4) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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SG:BN4 Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Jan 22, 2026	2025 (Q4)	0.31 / -	0.287	―	―	―
Jul 30, 2025	2025 (Q2)	0.26 / 0.24	0.167	45.51% (+0.08)	―	―
Apr 23, 2025	2025 (Q1)	- / -	0.244	―	―	―
Feb 04, 2025	2024 (Q4)	0.26 / 0.29	0.244	17.62% (+0.04)	―	―
Oct 17, 2024	2024 (Q3)	- / -	0.246	―	―	―
Jul 31, 2024	2024 (Q2)	- / 0.17	0.24	-30.42% (-0.07)	―	―
Apr 24, 2024	2024 (Q1)	- / -	0.154	―	―	―
Jan 31, 2024	2023 (Q4)	- / 0.24	0.154	58.44% (+0.09)	―	―
Oct 19, 2023	2023 (Q3)	- / -	0.157	―	―	―
Jul 27, 2023	2023 (Q2)	- / 0.24	0.153	56.86% (+0.09)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

SG:BN4 Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 30, 2025	S$8.04	S$8.32	+3.48%
Apr 23, 2025	S$6.11	S$6.29	+2.95%
Feb 04, 2025	S$6.33	S$6.38	+0.79%
Oct 17, 2024	S$6.09	S$6.14	+0.82%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Keppel Corporation Limited (SG:BN4) report earnings?

Keppel Corporation Limited (SG:BN4) is schdueled to report earning on Jan 22, 2026, TBA (Confirmed).

What is Keppel Corporation Limited (SG:BN4) earnings time?

Keppel Corporation Limited (SG:BN4) earnings time is at Jan 22, 2026, TBA (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is the P/E ratio of Keppel Corporation Limited stock?

The P/E ratio of Keppel Corporation Limited is N/A.

What is SG:BN4 EPS forecast?

SG:BN4 EPS forecast for the fiscal quarter 2025 (Q4) is 0.31.

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